Crude Oil Prices Dip on U.S. Credit Downgrade, Weak China Data
By Ayomide Otitoju Crude oil prices edged lower on Monday, pressured by concerns over global economic stability following a U.S. credit downgrade and weaker-than-expected industrial data from China. Brent crude futures for front-month delivery fell 37 cents, or 0.57%, to $65.04 per barrel as of 7:00 a.m. WAT. U.S. West Texas Intermediate (WTI) dropped 26…